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back to work on the fiscal cliff. >> heather: the difficult job of reporting from hawaii, thank you so much, ed. >> gregg: the mother of john hammer telling her son is now in a louisiana hospital. he was released from a mexican prison last week after months behind bars. mexican authorities arrested him after he carried an antique shotgun into their country, even though he says he legally declared the weapon and had a permit for it. today his dad reportedly brought him to the emergency room during their drive back together to florida. his family reported he had a stomach flu of some sort. earlier his mother was clearly relieved to hear that her son was on american soil. >> it was like my first night that i slept all night long without getting up. it was just the thought of not wondering what is going on with him. can anyone hurt him? he is eating and he is able to actually have a meal. i honestly can't process it until he is here. but we are days away. >> what the first thing when you talked to him on the phone, what did he say to you? >> are you okay? he was like, yeah, i'm sick, but i
clarity on the fiscal cliff -- our roundtable is back again this week with a clarity on the fiscal cliff. thank you for being with us. what happens now? >> good question. i guess congress will get back on wednesday. we will see they can come up with something, some figleaf that will give everybody enough political protection so they can cancel the sequester and spending cuts and tax increases that are scheduled. i am still very skeptical that will happen. my guess is that we are going over the cliff. host: you give it about a 75% chance that we would go over the cliff a couple of weeks ago. guest: of today are close to 90%. the new mentality in washington seems to be, we do not have to do this by december 31. the damage to the economy in the short term will be very small. in fact, they have a couple of weeks, if not three or four weeks in january, before this starts to pinch a bit. it is not as much of a cliff as people were seeing a couple of days ago. host: are we going over? guest: it is a slope, that is important to lay out. you do not have major economic effects on your average pers
doosey, thank you very much. >> the fiscal cliff is looming and now the president has gone home for the holidays and left for hawaii without a deal in place. with nine days left now, is it too late? remember the house budget committee marcia blackburn joins us now. congressman thank you for joining us. >> sure. >> before we get underway, i would love to play for you. play for you right now the president's words just before he departed on his hawaii vacation. here he is. >> so as we leave town for a few days to be with our families for the holidays, i hope it gives everybody some perspective. everybody can cool off. everybody can drink some eggnog and have some christmas cookies and sing some christmas carols and enjoy the company of loved ones. >> and then, congressman, just after he said that senator jeff sessions of alabama said this, and i shall quote, president obama today gave another speech about the fiscal cliff, no plan, nothing that can be scored or analyzed, just another speech. if president obama wishes to avoid the fiscal cliff then he with all of the power and influ
the rules committee. >> two minutes. >> thank you. let's review. we have a fiscal cliff occurring at the beginning of next year. 12 short days. that means taxes go up for everybody who pays taxes and across-the-board spending cuts. the democrat alternative was rejected in a bipartisan basis earlier this year. our bill has been rejected is not passed versus the other bill. these business owners employ many tens of thousands of people in america in the middle class. the bill before us is a comprehensive bill. it gives us -- we have heard testimony after testimony from business owners give us certainty. the democrat alternative is not even comprehensive. does not include the state tax. we will be right back here again december next year. this gives us certainty and employers certainty. job greater certainty. americans certainty they will not ever pay the tax again. this is the right medicine for 99.8% of americans to prevent them from seeing their taxes go up on january 1 and it gives us an opportunity in the next session of congress to provide comprehensive tax reform to simplify ou
. >>> and now, to the fiscal cliff. and we are just about to go over the edge. congress has left for the holidays. if they don't get a deal done soon, tax increases and budget cuts will hit after the first of the year. earlier, republican congressman, steve la tourette said the president has been too focused on tax cuts for the rich. but he did leave the door open a little. >> i'm okay, you president, you can tax the rich people. but come up with some spending cuts, we're borrowing $1 trillion a year and he has not. >> indiana senator joe lieberman said he's more pessimistic than he's ever been that a deal will get done. >> in the aftermath of the house republicans rejecting speaker boehner's so-called plan b, the first time that i feel that it's more likely that we will go over the cliff than not. and that, if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. maybe ever in american history. >> leaders from both sides are expected back in washington on thursday. in india. growing demonstrations after a 23-yea
the fiscal cliff. >> from your lips to god's ears, thanks very much. mohammed al arian. mark zandy and christine romans. as long as congress does not trip us up, we're on the way to an economic renaissance in our country. >>> we are on the road to an economic renaissance. i want to you think about the united states economy like a runner along this road. full economic recovery and prosperity is the destination, the economy right now, that's warming up with a nice jog, getting ready to break into a full sprint. gross domestic product, the broadest measure for the economy grew by an annual rate of 3.1 over the summer, more than double the rate of the previous quarter. spending by americans was the single biggest factor in that growth and more americans are spending their money to buy a home, pushing prices upward across the country. the median price of an existing home shot up 10.1% in november year-over-year. we've seen home values rise six months in a row as more americans get back to work and take advantage of those low mortgage rates. bottom line here -- our runner, the u.s. econo
in the u.s. an absolute hero. brianna, thank you very much. >>> no matter how the fiscal cliff negotiations play out, the wealthy will probably see their taxes go up, but congress can't seem to agree on hot wealthy is or are. even if they figure that out, there's also disagreement about how their taxes should go up. cnn's lisa sylvester sat down with a megamillionaire who says he is ready to take a hit and you so should the rest of the 1%. >> reporter: the question who is considered rich? house speaker john boehner pushed for tax hikes for those making $1 million or more. president obama is drawing the line at incomes of $400,000 or hire. >> you can afford to pay a little bit more. you know, you're not -- you're not too strapped. >> reporter: earl mack falls well within the rang of wealthy as a multimillionaire. he agrees millionaire earners should see taxes rise. >> we are, this country, is in a lot of fiscal trouble. and i think it's the obligation of all those that can give and help out the country. we're americans and we should. and it's our -- it's aour heritage. >> reporter: mack, who
for the fiscal cliff failure on president obama. democrats think otherwise. let's bring in karsz bass. thanks for being here. >> thanks for having me on. >> is there a chance the economy could fail on the extent of the greece economy. >> i was very optimistic on wednesday. on thursday when boehner could not get the votes from his own caucus for his own deal that definitely left me concerned. this is so reminiscent of last year the payroll tax cut where the house gop kind of fell apart and the leadership had to come from the senate so i think that is probably the case. >> republicans say the president has not been willing to compromise. republican congressman from ohio on cnn this morning said the president has to act on spending before there can be a deal. let's listen to that. >> where the president has not been serious is the other side of the equation. he is all about taxes and has this mandate on taxes but the spending cuts, the need to get us out of this mess, he hasn't been serious about those and that is unfortunate. >> he is saying president obama is all about raising taxes and not ab
in washington. >> paul steinhauser, thank you very much. >>> from fiscal cliff to crime and punishment, we'll show you our top ten crime stories of the year. why not make lunch more than just lunch? with two times the points on dining in restaurants, you may find yourself asking why not, a lot. chase sapphire preferred. there's more to enjoy. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. [ male announcer ] zyrtec-d®. behind the pharmacy counter. ♪ i'♪ you can count on me, s, ♪ i'll be home for christmas, ♪ if only in my dreams. as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families.
much. we'll turn to the fiscal cliff . it is approaching effort . it is earlier this week there is signs of progress and republican house speaker john boehner said plans don't do enough to address the key problem. nasa's government spending that could impact future americans . >> what the president offered so far will not resolve the spending problems . it will hurt our economy. a failing to reach a deal by december 31st would trigger tax hikes and spending hikes . and they say they are willing to continue to work toward a deal . the question is can they get it done in a time. here's steve in washington. will president obama focus on the fiscal cliff? do we know? >> probably not: there will not be done to much -- and president arrived in honolulu. within to his rented vacation home. he left washington last night after scaling back . it is still possible . he's focusing now on a middle class tax hike and extended unemployment benefits. and this congress laws can only pass for democrats and republicans and that means no one gets 100 percent of what they want. everybody has t
thank you. there are eight days now until the fiscal cliff of big tax increases for most americans. and across-the-board spending cuts in the federal budget. even with congress's adjourned and president obama out of town some lawmakers today talked about a last minute deal. >> my own belief is what we ought to do is take speaker boehner's last offer the president's last offer split the difference. that would be a package of about $2.6 trillion. you couple that with the 1.1 trillion already done. that would be close to the $4 trillion we need to stabilize the debt and begin to bring it down. >> i would vote for revenues including tax rate hikes even though i don't like them, to get a-- to save the country from becoming greece tax rate hikes are part of the solution driven by the president. but he's going to get tax rate hikes. to my republican colleagues, if we can protect 99% of the american public from a tax hike that is not a tax increase in my books. >> jeff: with christmas just two days away last minute gift guire-- buyers are out. today shopper track said saturday was the buse
the fiscal cliff. here are some tweets. not at all. thanks to the aoc, administrative office of the courts, california went over it last year. we remain broken and in a bloody heap in the sand. terry bradbury says i'm extremely worrieworried. the people are being held hostage over political egos who refuse to compromise. and it's time for the gop to realize the far-reaching effects of the bush years, going over the fiscal cliff is mild in comparison. and i'm not worried. i'm used to rising costs of everything. so sad. thanks for all your messages. follow me@alexwit to stay on top of the conversation. >>> office politics is next with john meacham on president obama's legacy. plus why some thought the timing of thomas jefferson's death was a sign of divine benevolence. not wanting just another seasonal business they added another holiday. ♪ it's so important to make someone happy ♪ when you give a child a toy, it has to work. ♪ make just one someone happy and when it's a toys for tots child, well, what could be more important? so this year, every hasbro toy donated to toys for tots wil
substantial snowfall. >> axelrod: jeff, thank you so much. it's nine days now until the fiscal cliff of tax increases and spending cuts. still, congress has gone home for the holidays. and today, president obama and his family arrived in honolulu, where they'll celebrate christmas. the president says he is ready to return to make a deal. retailers called today "super saturday." it is traditionally one of the busiest shopping days of the year. businesses are banking on it because so far this season, sales numbers have not been as strong as many had hoped to see. here's michelle miller. >> reporter: kidding around is a specialty toy store in new york city. you won't find any of this stuff at target, wal-mart? >> no. >> reporter: the owner says today is his busiest day of the year. within the last month, what have your sales been? >> they're up from last year about 5.5%, but some of that is the influence of the early hanukkah. >> reporter: he's doing better than most retailers. shoppertrak, which monitors consumer behavior nationwide, predicted holiday sales growth of 3.3%. they just cut it to
. gerri: next, many homeowners rushing to rush and to dump their property ahead of the fiscal cliff. dolly will join us after the break and dreaming of a white christmas and then there is this. coming up, how mother nature is putting a damper on things i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break fr the holiday stress. ship fedex express by december 22nd for christmas delivery. gerri: many owners turned over their properties this year ahead of the fiscal cliff. some buyers have been able to dig deep discounts this year. my next guest says that it is fast tracked like never before. dolly lintz joins me now. what is it about the fiscal cliff that is making people act so quickly? >> if you think about it, some sellers have purchase prices that they pay 20 by the years four. they are selling for six or eight or 12 million. think about that. gerri: holy cow. >> if the bush tax cuts are over and taxes go back from imagine the difference in the tax rate. it is humongous. gerri:
the fiscal cliff. what's your take on how this plays out? now with just a few days left in the year to get this deal done. >> i don't think they're going to come back after christmas. i think that we will see them back in early january to make a compromise. i think that comp promise is gog be in between where the president is and where the speaker is. >> you say we go off the fiscal cliff then? >> yes, do. >> do you think we will see the economy hit recession? that was the expectation, right? >> no. that is the expectation but i don't think so. i think there's been a lot of drama, especially on the tax increase side. the tax increase side is do symbolic. at the end of the day it's not going to have any impact on the deficit or controlling our spending. what's going to have to happen is the spending cut. i think that's where the speaker was having difficulty getting support, is not being specific about where these cuts are coming from. >> where should the cuts come from? i mean, we hear a lot about medicare and medicaid and social security being the drivers of the debt. do you have to make
. the click is ticking on the fiscal cliff deal. is there any chance for a compromise at this hour? we'll ask chris wallace all about that coming up. >> kelly: in the wake of the school massacre in connecticut one town says it will have armed guards stationed at its schools. is that the right response? we report, you decide. >> clayton: a dog rescued from a war zone returns the favor by saving his new owner's life. we'll meet the courageous canine coming up on the show. "fox & friends" hour three starts right now if you're keeping track at home. ♪ >> good morning, everybody. thanks so much for joining us. thanks to kelly wright for sitting in for dave briggs. >> kelly: my pleasure. >> alisyn: yesterday we are saying goodbye to dave briggs, he's moving on the end of the year. last time we'll be together. sad. >> kelly: let me take the moment to say happy new years and merry christmas today. >> alisyn: thanks. and there is, as you know, a national dialog going on how we can prevent the tragedy that happened in newtown, connecticut from ever happening again. and there's all sorts of talk,
is the fiscal cliff. president obama addressed the nation saying that he met republicans halfway and still no deal was reached meaning the future for tax cuts is still uncertain. >> reporter: d.c. may be shutting down for christmas but the clock last not stopped running on the fiscal cliff which is closer than ever. no deal was reached this week to keep taxes from going up on everyone. john boehner says he is hopeful that a deal could be reached but in a speech, he continues to hammer away at president obama. >> this was year the size of the debt, all $16 trillion of it surpassed the size of our entire economy. it's a grim milestone, one of many that we'll have to bear if we don't come to grips. the president's solution of raising tax rates would still leave red ink as far as the eye can see. >> the president landed in hawaii for a shorter than usual christmas break. he will return to washington after christmas to walk on the fiscal cliff. he is acknowledging the political reality by pushing a scaled back plan for a tax on the middle class. >> even though democrats and republicans are argu
to hawaii for christmas the president out a new, stripped-down plan to avert the fiscal cliff. here's what it is, extend the bush tax cuts for people making less than $250,000. extend unemployment benefits for the 2 million people who will run out, next month. and, delay the sequester of $110 billion, in spending cuts, next year. for all of the talk of $4 trillion in debt reduction the plan would only save $800 billion, over ten years. senator conrad, is that the best that washington can do over the next nine days, and can you pass even that? >> look, chris. it may come to that but we can do better. and we should do better. this is an opportunity to do something that would be hugely important for the country. and, my own belief is, what we ought to do is take speaker boehner's last offer, the president's last offer, split the difference, and that would be a package of about $2.6 trillion. you couple that with the $1.1 trillion that is already done. and, that would be close to the $4 trillion needed to stabilize the debt and begin to bring it down, and, then, if you want to do add -- add on
before we go over that fiscal cliff and everybody's taxes go up. i'm sure a lot of us feel they shouldn't be taking time off. >> that's right. there's not a lot to celebrate now. let's bring in george stephanopoulos. great to see you, george. things are coming down to the wire. we just have a few days left. what are the odds they can come up with a deal especially republicans can't agree. >> there's not going to be a big deal. that's just not happening. those talks completely collapsed this week and ended once and for all when house speaker john boehner couldn't even pass his backup plan in the house on thursday. the only possibility right now would be some kind of a very small -- some measure that would just extend the tax cuts for everyone earning under $250,000. it should be a lot of protection for a lot of people, but even that is going to be difficult. you get it only if there's a promise not to filibuster that measure in the senate and the house speaker agrees to take it up. both of those questions are very open right now. >> a lot of open questions and high stakes for a lot of pe
is calling on the holiday spirit to avoid the fiscal cliff. >> everybody can cool off. everybody can drink some eggnog, have some christmas cookies, sing some christmas carols. >> but it may take more than divine inspiration. if so, this board gives me rates for . ere companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. we've decided to we're all having such a great year in the gulf, put aside our rivalry. 'cause all our states are great. and now is when the gulf gets even better. the beaches and waters couldn't be more beautiful. take a boat ride or just lay in the sun. enjoy the wildlife and natural beauty. and don't forget our amazing seafood. so come to the gulf, you'll have a great time. especially in alabama. you mean mississippi. that's florida. say louisiana or there's no dessert. brought to you by bp and
. itt been a yyar of political differences.....ann fiscal cliff-erenccs..... and tonight, we take a look back at he years biggest headlines &pttat captured ouu interest and shaped our path. path. 3 [ cheers ]]>> thank you ery much. [ applause ] >> a &pmassive crowd has gatherrd here. >> we want our freedom. &pwe want to be free people. >> the italian 3 cruise ship apsized. >> 3 joseph kony -- viral on media &psites. outrage stirred ssccal media. >> my name is sandra -- >> legitimate rate. ttis -3 is a massive plaa by faceboook pt largest ipo in tech history. >> this is breast- feeding in the picturee one - article has the entire country talking. >> the pressdent pex marrrage should be egal. >> we now know he name of the suspect blamed for the movve theater shootiig spree. >> &shooting at the sikh templeein wiscoosin. >> police now tell cnn people have been shot in front of the empire sttte building. >> bath salts. bath salts? bath salts. >> jerry - pandussy sentenced to a minimum of 30 yeers in prison. > n iconic ssatue honoring -
. i appreciate it. the fiscal cliff talks, cabinet changes, what will define president obama's agenda at the first of the year? and my round table will join me, representative jason chaffetz, harold ford, jr., andrea mitchell and chuck todd. back in a moment. joi why do toys for tots and hasbro trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international. and the mail man picks it up. i don't leave the shop anymore. [ male announcer ] get a 4 week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. but with advair, i'm breathing better. so now i can be in the scene. advair is c
you both very much for your time. i appreciate it. the fiscal cliff talks, cabinet changes, what will define president obama's agenda at the first of the year? to the best vacation spot on earth. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to photograph. and there's world class dining with our world famous seafood. so for a great vacation this year, come to the gulf. its all fabulous but i give florida the edge. right after mississippi. you mean alabama. say louisiana or there's no dessert. this invitation is brought to you by bp a
with the celebrating because congress is on a holiday break. the fiscal cliff deadline is still looming. hi, everybody. here we are. great to have you here. >> this is a brand-new hour of "america's news headquarters." as jaime said, lawmakers expect to return after christmas back to dc. they are thinking of getting back on thursday. that just gives them a few days to work on a deal to try to help the nation to try to avoid an economic crisis from this so-called fiscal cliff. some say no deal is what the country needs to cut spending and raise taxes. what will happen? national correspondent live in washington with the details. good morning, steve. >> good morning, eric. the two sides in the fiscal cliff debate had their say before heading home for christmas, but no deal of course. after house speaker john boehner called off his push for a plan b last week saying the ball is now in the democrats' court. there has been no movement toward any deal. democrats want tax hikes for the wealthy. republicans want spending cuts. and some in the gop say the president doesn't want to avoid the fiscal cliff. >> whe
very much. >>> and to washington now, with congress home for the holidays, a deal on the fiscal cliff looks less and less likely. that could mean coal in the stocking for house speaker john boehner and also mean the end in his two-year rein. he is facing pressure after his plan "b" failure. he proposed a plan, but republicans had to pull it off the table after admitting they just couldn't get it passed. >>> for an illustration of the pressure facing john boehner, check the latest polls. that's what we have political reporter john steinhauser for. >> americans are worried about the taxes if the nation falls off the fiscal cliff at the end of the year. seven of ten questioned in our poll says there will be major problems or a crisis in the country if that happens. >> part of what voters they were looking for is some compromise up here. that's what folks want. >> our poll indicates more americans want the republicans than the democrats to compromise more to reach bipartisan solutions. >> the democrat-controlled white house has no plan and offered no plan all year to deal with these loomi
anything. this fiscal cliff doesn't solve our long-term debt propses. lou: breaking with the practice and policies of washington over the course of the past 50 years. stephen hayes, thank you very much. judith miller, thank you very much. john fund, thank you. time for a few quick comments. ken wrote us to say, correct me if i'm wrong, wasn't it the obama administration that released thousands of guns into the hands of criminals? now they want to talk gun control for law-abiding citizens? that was just "fast and furious." mike tweeted us about benghazi and the report, always blame the dead guys. they did. thanks for being with us. has t. >> wall street is very concerned. no dou the average folks at home who have been cutting back more inclined to hang onto their wallets. they don't know what will happen. thank you congress. thank you mr. president. >> it is charities' season. makes us feel good to give. that is why there is a concert for storm victims. a bit greedy businesses ted turner did not like that idea. >> there is nothing more to say list. >> good by. >> now there are new ways
. lester? >>> turning now to politics, from the looming fiscal cliff to the ongoing con tro versus over the nra's recent comments following the sandy hook elementary strategy. a lot to discuss with david gregory, moderator of "meet the press." the president and congress have left town for the holidays. any chance they might come back early, any sense of a deal in the works? >> i think there is a deal in the works. it is just a smaller deal. they will be back next thursday. i have been talking to folks on capitol hill and the white house. i think they are going for a smaller deal that could put off some of the effects of the fiscal cliff and get a tax cut extension for those making $250,000 or less. wealthier americans would pay for. you would avoid the fiscal cliff for now. you kick the can down the road. this is washington dysfunction at its height but it would forestal the cliff >>> i wonder if we are seeing a change to speaker boehner that got his hand slapped by some members of his party. is there long-term damage here? >> the white house is that they don't have a real partner to ne
tonight, fiscal cliff hanger, president obama calls on congress to act after christmas on a scale-down deal that would spare the middle class from tax hikes on the first of the year. the president met with harry reid and spoke with john boehner. is a grand bargain still possible when everyone is leaving town? >> a week from the shooting massacre that left 20 children and six educators dead, we have heard plenty of people calling for new gun control laws but very little from the national rifle association until now. in a bizarre news conference, the head of the nchl ra said the solution of gun violence in this country is simple, more guns. armed officers in every school. it is the same line we have heard before from the nra. has the country's relationship with guns fundamentally changed since newtown. what we saw last night from house republicans is yet another symptom of a real problem for the gop. they don't believe in compromise. they have lurnlged too far to the right. president obama tapped kerry to be the next secretary of state. let me finish with the great new movie about g
. >> waiting on the deal on capitol hill to beat the d.c. fiscal cliff. how much of this is show and how much of it is real deal cutting? >> it is 8:30, sunday, december 23rd. thank you for joining us. i am anne makovec. >> and i am phil matier. we have a lot to cover, from television sets, and gun buybacks in the area and what they are saying on the streets. >> but first, a lot of people are shopping and traveling today so our eyes are on the storms coming down right now. >> that is right. we have seen heavy wind and rain in the last 24 hours. >> yes. it will look like this for the coming hour, bringing more of the potential damage to homes and downed fire lines, etc. look at. this a tree that toppled over on to that overhang, causing the collapse. nobody was hurt, luckily. let's check with elizabeth wenger with the first look at the weather forecast. >> the worst of it is happening right now, continuing through the morning. we are getting word of flooding reports in the great highway. portions of san francisco shut down. delays at sfo about an hour-and- a-half right now. the high d
of us? the president is standing firm on fiscal cliff negotiations and so much is at stake. why can't both sides reach a compromise? >> charlie, how are you? >> fine, good to be with you. >> great to have you here. good morning. look, they don't seem closer. everybody says they're compromising. i'm curious, do you feel from the president's point of view first that he made a campaign promise about what he would and wouldn't do regarding cuts and taxes and he's dug his heels in, standing firm? >> i think absolutely. he feels like he won a mandate and let's be clear, he won handily. he beat mitt romney handily in the election so he's walking away thinking he's got a mandate and that's why he's deeply dug in. the problem with that mandate is of course to say we want to -- he calls it a balanced approach. that is sort of a vague kind of campaign promise nobody really knows -- it's always sounding good but i don't think people are sure what it means. the problem is on the other side, with the republicans in the house, they have a mandate too. they won too. some of them won by larger margi
the champagne cold. >> keep your fingers crossed. >>> all right. going off the fiscal cliff will have some very real consequences for just about every american taxpayer. we will take a look at that, straight ahead. welcome to chevy's year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -- 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. hurry. bonus cash ends january 2nd. >>> as we look at the week ahead, we would like to be focussing on the joy christmas supposed to bring. for many of us is a season of worry with the fiscal cliff hanging over all of us. if congress and the white house doesn't reach a deal to reduce the deficit, automatic spending cut goes into effect and taxes practically on everyone will go up come first of the year. we want to focus on the tax part of the equation and joining us is todd shownen berger, managing partner at land colt ca
the fiscal cliff. >> everybody can cool off. everybody can drink some eggnog, have some christmas cookies, sing some christmas carols. >> but it may take more than divine inspiration. [ woman ] dear cat, your hair mixes with pollen and dust. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. >>> six weeks after his unanimous re-election as speaker, john boehner faced a mini mutiny in his own congress. they said they would oppose his backup plan to keep tax cuts in place. anyone making more would see a tax hike. the speaker saw the setback as a se mantic problem. >> listen, there was a perception created that that vote last night was going to increase taxes. now, i disagree with that characterization of the bill, but that impression was out there. now, we had a number of our members who just really didn't want to be perceived as having to raise taxes. that was the real issue. >> with t
with stephen dinan and the fiscal cliff and what is next. he is the politics editor at the washington times. our next call comes from tennessee. go ahead. caller: misty for taking my call and merry christmas to everyone out there. -- thank you for taking my call and merry christmas to everyone out there. this president over the last four years, every year he has spent $1.2 trillion per year more than we take in. he spent about 4.6 trillion every year. of course he still wants to spend more money. more. what we need is more cuts in programs. we need about 4.6 chilean dollars in cuts to programs. -- $4.6 trillion dollars in cuts to programs. he did not have a hard time getting reelected, but i think we made a mistake electing this guy. guest: the caller has a lot of good numbers. he is correct on a lot of them. the spending numbers are -- and these are rough -- about $2.3 trillion in revenue. his point is correct. the problem is you have the government taking in about 15% of gross to must the product in tax increases and spending between 23% or 24% of gdp in spending. that is a reason you ha
this town right now, the fiscal cliff. >> right. >> haven't you betrayed some of the voters who supported you in the election by changing your positions on who should get a tax increase and by including social security benefits now in this mix? and more broadly, there seems to be a deepening sense that negotiations aren't going very well right now. can you give us a candid update? are we likely to go over the cliff? >> well, first of all, there's no reason why we should. remember what i said during the campaign. i thought that it was important for us to reduce our deficit in a balanced and responsible way. i said it was important for us to make sure that millionaires and billionaires paid their fair share. i said that we were going to have to make some tough cuts, some tough decisions on the spending side, but what i wouldn't do was hurt vulnerable families only to pay for a tax cut for somebody like me. their task is going to be to sift through everything i did that is out there and even take a look at some bad ideas. the come up but a concrete set of recommendations in a month. i would
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